905 E Balboa Blvd, Newport Beach, CA 92661
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905 E Balboa Blvd Newport Beach, CA 92661

$2,291,250 Sold Price as of 11/29/2022
  • 6 Beds
  • 3.5 Baths
  • 2,652 Sq.Ft.
Sold
$2,291,250 Sold Price as of 11/29/2022 Refinance Your Mortgage

Map preview of 905 E Balboa Blvd, Newport Beach, CA 92661

Property Overview: 905 E Balboa Blvd Newport Beach, CA has 6 bedrooms, 3.5 bathrooms, 2,652 living square feet and 2,699 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: FIRST TIME ON THE MARKET IN 45+ years. Great upside rent potential . This spacious duplex is one building in from the board walk/sand and has superb walkability to the Balboa Pier and local dining establishments. Such an investment is ideal for the investor or the individual looking to live-in one unit and rent out the other. Both units are 3 bedrooms, 1 3/4 bathroom units and are extremely spacious. The master suites accommodate oversized furniture and feature two closets and a generous dressing area. Each unit has a fireplace and large hearth in the main entertaining space adding to the ambiance of the room. The upper three bedroom has soaring ceilings in the living area , which showcase the natural light and airiness of this unit. Balconies / patios are off the main areas extending ones living/entertaining space. Parking is easy with remote access. The garage area does have the ability for washer /dryer hookups, but currently is not being utilized. Come and enjoy the ocean breezes and the fresh air. 901 E. Balboa Blvd is listed for sale for 3,500,000 and can be purchased together with 905 E. balboa Blvd or separately .

Listed by Laura Henshall | BRE #01091181 | CFG Investments
Last checked: 7 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 176

Home details

Lot Sq. Ft
2,699
HOA Dues
$0/mo
Year built
1971
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC22103791
City
Newport Beach
County
Orange
Time on Site
758 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,600
  • Total Rent: $3,600
  • Pro Forma/Market Rent: $3,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $79,200
  • Net Operating Income: $999,999
  • Gross Operating Income: $79,200
  • # of Rented Garages: 0
  • Laundry Income: $0
  • Other Income Description: RUBS inco for house ut
Annual Expense Breakdown
  • Total Operating Expense: $999,999
  • Electric: $0
  • New Taxes: $34,667
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $0
  • Insurance: $1,159
  • Water/Sewer: $703

Property Details for 905 E Balboa Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • In Garage
Fireplace Information
  • Has Fireplace
  • Living Room
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: No Landscaping
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 2
  • Parcel Number: 04814325
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: E. Balboa Blvd. at A Street , east of the Balboa Pier
Neighborhood Information
  • Community Features: Urban
View more facts & features

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Sale History for 905 E Balboa Blvd

Last leased for $4,500 on April 19th, 2023
  • April, 2023

  • Apr 19, 2023

    Date

    Leased

    CRMLS: DW23057710

    $4,500

    Price

  • Apr 7, 2023

    Date

    Active

    CRMLS: DW23057710

    $45,000

    Price

  • Listing provided courtesy of CRMLS

    Introducing a rare opportunity to live the Newport Beach lifestyle! This stunning three-bedroom Upper unit boasts soaring ceilings in the living area, showcasing the natural light and airiness of the space. Enjoy the ultimate indoor-outdoor living experience with balconies and patios off the main areas, extending your living and entertaining space. Imagine waking up every morning just one block from the beach, where you can catch a sunrise stroll or surf session before starting your day. Whether you're a beach lover, foodie, or simply seeking the perfect coastal retreat, this unit offers it all. Don't miss out on this rare opportunity to live in one of Newport Beach's most sought-after locations. Schedule your viewing today and experience the Newport Beach lifestyle firsthand!

  • November, 2022

  • Nov 29, 2022

    Date

    Sold

    CRMLS: OC22103791

    $2,291,250

    Price

  • May 22, 2022

    Date

    Active

    CRMLS: OC22103791

    $3,295,000

    Price

Show More

Tax History for 905 E Balboa Blvd

Assessed Value (2020): $1,444,448
Year Land Value Improved Value Assessed Value
2020 $1,314,448 $130,000 $1,444,448

Home Value Compared to the Market

This property vs the competition

905 E Balboa Blvd sold on November 29, 2022 for 17.7% lower than the current median sold price for the city of Newport Beach which is $3,220,000. The median sold price per/sqft for Newport Beach is $1,343 and this home is sold at $999.25 per/sqft which puts the price per square foot 25.6% lower than the current median sale per square foot for the city of Newport Beach.

About 905 E Balboa Blvd

Detailed summary of property

905 E Balboa Blvd is a multi family that recently sold in Newport Beach, CA 92661. This multi family property offered 6 bedrooms, 3.5 bathrooms, roughly 2,652 living square feet, and sits on an approximately 2,699 square foot lot. 905 E Balboa Blvd was first listed on ArdentRealEstateGroup.com on May 22, 2022. The homeowner sold the property for $2,291,250. Home in Newport Beach are selling for a median price of $3,220,000 and a median price per square foot of $1,343. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 17.7% lower than the current median priced home. Local homes that are currently for sale include 402 W Fairway Dr, 4822 Neely Circle and 2112 S Cindy Pl. While the average home in Newport Beach, CA is selling in 86 days, 905 E Balboa Blvd has a days on market of 176 days. There are currently 295 homes for sale in the Newport Beach real estate market and 221 of them are single family homes while 64 of them are condos and 10 are townhomes. For more information on this home for sale at 905 E Balboa Blvd Newport Beach, CA 92661 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 905 E Balboa Blvd

Public county record property details
Beds
--
Baths
--
Year built
1971
Sq. Ft.
2,652
Lot Size
2,992
Stories
2
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
2
APN
048-143-25

The source for these homes facts are from public records.

92661 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$6,799,000
Median List Price/Sq.Ft.
$2,144
Median Sold Price
$5,350,000
Median Sold Price/Sq.Ft.
$2,599
Total Inventory
47
Median Sale to List Price %
100%
Avg Days on Market
57
Loan Type
Conventional (16.67%), FHA (0%), VA (0%), Cash (33.33%), Other (33.33%)

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Related Resources to 905 E Balboa Blvd

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.